Conveniently timed with the re-opening of many restaurants and venues post COVID-19 closures, the IRS issued final regulations and guidance on what meals and entertainment can be deducted. These final…
The Taxpayer Certainty and Disaster Relief Act of 2020 allows a 100% deduction for business meals and beverages provided by a restaurant after Dec. 31, 2020 and before Jan. 1,…
Tax, as we once knew it, is undergoing another overhaul. Some taxpayers may be up against a near 40% federal capital gains rate in 2021; Qualified Small Business Stock (“QSBS”),…
Whether you are a seasoned trader or looking to get your feet wet, understanding the big picture of cryptocurrency is important to protect yourself financially. Cryptocurrencies have become quite popular…
Back during the summer in July, the Mass Department of Revenue finally came up with procedures for angels investing in Massachusetts companies to take a tax credit towards their Massachusetts…
Section 174 of the Code was enacted in 1954 to provide an incentive to conduct research and allowed for an immediate write off in the year the expenditure was incurred. …
The Employee Retention Credit (ERC) is for employers impacted by COVID-19 to potentially receive a payroll tax credit. The ERC began under the CARES ACT and was subsequently updated under…
As part of our ongoing series of talking to clients and friends of KN+S, we sat down with Scott Chamberlin, a head banker from the technology practice at…
As part of the Coronavirus relief provisions, Congress enacted several provisions that open the door for amendment of 2018 returns and carryback of losses to tax years as far back…